01 GE PE - PESt
Political
There are some parts of the politics would impact the corporation’s developments to some extent, for example tax policies, fiscal policy, and trade tariffs and so on. According to the report “Key tax changes” described changing of the tax of employment, carbon tax, and income tax in South Africa. These policies would impact on GE power corporation.
The firstly, employment tax incentive, which is good for employees of GE. If an employer is eligible to receive the employment tax incentive in respect of a qualifying employee, the employer may reduce its employees’ tax payable. The policy would urge the staffs to work hardly, thus improve the output and productivity of GE.
Secondly, reforming in the Carbon Tax, which also an important element that influences the GE company. GE Power have some different kinds of industries, such as greenhouse, mining, oil and gas industry, and steel industry. The Carbon tax is proposing that the tax rate of a R120 per tonne of carbon dioxide be raised at a rate of 10% per year until the end of 2019 to provide a clear long-term price signal. In the process of producing power of GE, the CO2 would be also generated. Therefore, the tax reform is worth to notice.
Economic
In addition to policies, the economy elements also have impact on the GE power in Africa, for example growth rate, interest rate, level of employment, stability of price and currency exchange rate. In the article “African lions: Demographic, Employment, and wage trends”. It described that after negative and slow growth in the late 1980s and early 1990s, South Africa’s economy begin to growth steady. This growth was supported by strong macroeconomic management and effective institutions. In the five years, immediately after democracy, the economy keeps increasing. The period of fastest economic growth of Africa was between 2004 and 2008, but the growth was interrupted by the global financial crisis, which caused the South African economy to enter a brief recession in 2009 (2016). The recession of the economy has detrimental effects on the GE Company, where consumer and business demand was decreasing, and competition from the same category company of other countries were increases. Haroon Bhorat & Kavisha Pillay (2016) described that national output subsequently rose to just over present in 2012. But the weakening of the South African economy can ultimately be attributed to slow the global growth. In that time the currency exchange rate would be lower with the recession of the economy, when the currency is weak, it made much money to buy one dollar or euro, it is bad or GE company’s export and import.
The poverty rate also has effects on the GE company. According to the article " African Lions: Demographic, Employment, and wage trends” it illustrated in 2000, South Africa’s real GDP per capital currently at $5,916, up from $4,652. The uneven and at times sluggish growth in average income levels, however, has meant a moderate decline in poverty. And the poverty headcount ratio has increased from 31 percent in 1995 to a current of 53,8 percent, which had undoubtedly remained high. South Africa was inability translate growth into reducing poverty due to the society and income unequal (2016). The lower economic growth rate and a higher poverty rate increased the unemployment rate. In the recession economy, unemployment rises, more people search for employment, skilled human capital is abundant and wages usually fall. The skilled human scarce would especially have detrimental effects on the GE company’s high-end sectors.
02 日计划
03 推荐书籍《活法》
这本书是稻和盛夫老先生以京瓷公司为案例写的一本书。包含了很多在里面的感悟以及感想。自己是把这本书当做半本人物传记在看，其中说道的几点“有意注意”和“心相”引起我很大的注意。这两点在生活当中的应用也很广，也很适用。
推荐人群：喜欢人物传记和成功学的人
人生，商场其实都是有关联的，成功的品质就那么几个，失败的理由却有成百上千。
04 日常
今天写报告之前没有好好看完直接的要求，导致写的报告直接作废，心疼我自己的时间。
清单主题营结束，要开始潜水了，在接下来的一个月当中，学校放大招了，一点也不轻松啊，做好重心转移。
05 一句话
乐观构想，悲观计划，乐观实行
虽然不要抱太大的希望，但是实行的时候还是要一丝不苟
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